By Augusta Saraiva US retail sales increased in September by more than forecast in a broad advance that suggests durable household demand as the third quarter drew to a close. The value of retail purchases, unadjusted for inflation, increased 0.7% after an upwardly revised 0.8% gain in August, Commerce Department data showed Tuesday. Excluding gasoline, September sales […]
By Grant Welker Milena Pagán graduated from MIT in 2011 with a degree in chemical engineering. She’s about to return to the neighborhood — to open a bagel shop as an acclaimed chef. Pagán spent some years in the corporate world but appears to have found her calling in restaurants. Pagán was a semifinalist this year […]
By Kate King Luxury retailers are spending big on their U.S. real estate, more evidence of the staying power of in-person shopping. French jeweler Van Cleef & Arpels is opening a new Manhattan location on Madison Avenue. Chanel recently reopened its Beverly Hills flagship after more than doubling its footprint to 30,000 square feet. Gucci is […]
By Olivia Rockeman Macy’s Inc. will open 30 new small-format stores by the fall of 2025 as it works to expand its presence outside of traditional malls. Macy’s already operates small-store locations in markets such as Dallas, Atlanta, St. Louis and Chicago, and it announced four new ones in August. The department store chain will have 15 smaller stores across […]
By: Gary Kerr The Commercial Triangle district in Everett, Massachusetts, provides a case study in putting a strategic vision into action. Municipal leaders are continually seeking to improve their communities by bringing in private-sector investment, which catalyzes growth and opportunity. But how can a municipality attract the right kind of investment? Welcome to Everett Located just […]
By Grant Welker – Projects Reporter, Boston Business Journal It’s called a museum, and although it may not meet the traditional idea of what makes for a museum, it certainly treats its subject as worthy of the name: The Museum of Ice Cream is coming to the Seaport. The chain has signed a lease for 12,300 square […]
https://www.bisnow.com/author/miriam-hall-128140 Van Leeuwen Ice Cream co-founder Ben Van Leeuwen joins us for a candid episode, discussing the New York City-based chain’s expansion, how it has handled inflation, and why American consumer habits are perfectly aligned with expensive, high-end ice cream. “In 1980, the average food spend out of home in the U.S. was 20 cents on the dollar. In 2020, […]
By Tréa Lavery The day Dewey Parsons bought Downtown Wine & Spirits in November 1986, his landlord came into his office and ripped the telephone cord out of the wall. Parsons owned a food service business based in Brighton at the time, and was on the phone when the landlord, who was also his mentor in […]
By Howard Ruben The decision to open a stand-alone store after 106 years in business was partially prompted by the many Radio Flyer customers who visited the brand’s headquarters in Chicago to test out designs of scooters, wagons, tricycles and bikes in development, Robert Pasin, the brand’s chief wagon officer and grandson of founder Antonio Pasin, […]
By Jinjoo Lee Strip malls are hot. With investor anxiety rising about types of commercial property from shiny office buildings to self-storage facilities, the low-slung structures are a rare bright spot. Retailers want to stay close to where customers are spending more time these days: their homes. The leased occupancy rate at strip center real-estate investment trusts […]
